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bluering
Trad climber
Santa Clara, CA
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That's just BS, HDDj. Almost all of it. Surely you don't buy that!
Those are the 'talking points'....
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rottingjohnny
Sport climber
mammoth lakes ca
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Bluering...Good question...? Do we need a new holiday to celebrate the continuance of the Bush recession...Let's call it Bushbama day....the day the recession continued..Maybe Obama doesn't have the answers to our problems but how will we know if we don't let him do his thing...? Im pissed at Obama because he keeps letting the republicans have their way which is continuing the policies of Bush...How can anything change if we are stuck in 2008...? It's insane to expect things to improve when things don't change...Nothing personal blue , but it seems your party just wants to maintain the status quo thinking that helping the rich will eventually turn the economy around....is there a precise date when this will happen..? RJ
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bluering
Trad climber
Santa Clara, CA
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Maybe Obama doesn't have the answers to our problems but how will we know if we don't let him do his thing...?
No!!!!!
We already did that twice already!!!! 1.5 Trillion! It doesn't f*#king work!
Keynsian economics is not working!!! STOP SPENDING!!!!!!
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HighDesertDJ
Trad climber
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bluering said That's just BS, HDDj. Almost all of it. Surely you don't buy that!
Those are the 'talking points'....
That's a pretty terrible dodge. You really can't answer a single one of my questions? It's a "talking point" to ask you what you think the president should have done after you accused him of "inaction?"
bluering raged Keynsian economics is not working!!! STOP SPENDING!!!!!!
Actually it's a lot easier to argue that it worked pretty well considering our economy was on the mend and the private sector was creating jobs until the stimulus money dried up.
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Jingy
climber
Somewhere out there
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Not to be too off topic in the middle of an off topic thread, But I'd like to get a read on the repukelicant mind.
Question: What do you make of this "news" story?
http://www.wimp.com/baseballboy/
The two kids are in two totally different camps. And the kid that gives up the ball couldn't possibly be a republicant, and here's why:
1. He does the right thing, even at his own (immediate) loss.
2. A repuke would never give up something as an act of kindness to others; everything must be earned even if by "earning" something one can be considered a crook.
3. He does something that is considered "kind" by most people watching, and states this is just "natural"
..
What's your take?
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rottingjohnny
Sport climber
mammoth lakes ca
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Blue....let me re-word this.....Obama has caved into republican demands on solving the recession...this means that instead of Obama's solution , we have a republican solution to the economy.... do tell me why you expect any improvement in our economy when our government continues the economic policies of George Bush..? I'll say it again..Repeating the same mistakes and expecting different results is called insanity.... Clinton's surplus vanished under W and it took 8 years for our the bush economy to reach the low point of the worst economic meltdown since the great recession..It is incredibly disengenuous to believe that an economy can turn around in 2 years and then blaming Obama for not being able to solve this complex problem in 2 years....How would you solve this problem..?.Please don't say more tax breaks for the rich as that has never played out...
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Ken M
Mountain climber
Los Angeles, Ca
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No!!!!!
We already did that twice already!!!! 1.5 Trillion! It doesn't f*#king work!
Keynsian economics is not working!!! STOP SPENDING!!!!!!
I agree. Stop giving money to rich people. Start TAKING money from rich people. End the Borrow-and-give Bush tax giveaway to the million and billion dollar a year earners. Stop borrowing money to give to these people who are making so much money, that banks are now charging them fees to park their money.
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rottingjohnny
Sport climber
mammoth lakes ca
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Dr. Ken...Banking fees for parking money...That would be supply side economics...
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bluering
Trad climber
Santa Clara, CA
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Ken, if rich people are parking their cash, you think taxing them more will stimulate job-growth and the investments that drive our economy???
Really?
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TGT
Social climber
So Cal
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..Banking fees for parking money.
I'll ask my B of NY VP climbing buddy about it.
This isn't the first time they've done it. They did the same thing during the first phase of the collapse.
It really comes down to that unlike the standard commercial banks with lots of risk exposure, they are a very safe place to park your money and they can charge a "storage fee" for it, and companies will pay it
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bluering
Trad climber
Santa Clara, CA
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We have a job crises, if the Gov spent more, then that cash would stimulate more jobs
Cuttin spending just cuts jobs
Did that happen under Stimulus I and II, under Obama??? Where are we now after that?
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Ken M
Mountain climber
Los Angeles, Ca
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The Repubs hatched a scheme that has nearly destroyed California. It was Prop 13, which totally changed the property tax and other systems.
At the time, when, interestingly, the Governor of the State was a guy named Jerry Brown, the State had a healthy surplus, and was doing very well. Brown, a fiscal conservative, wanted to create a system of banking the surplus so that we would have an emergency fund, as a pad against bad times. This was quite against what many democratic liberals wanted to do.
However the Repubs had a much better idea, drain the entire budget, and the entire funding mechanism, so that the budget could never be funded again, and give all the money back to the taxpayers. And it was done. The dream of Repubs, if you listen to them. And now, through good times, and bad, no funding.
This is what they want to do at the federal level. You can see how they say they'll "tear up the credit cards", but they never do. What they do is shift gov't jobs to contractors, who are invariably "friends", paid at twice the price, with no accountability, covered by no regulations.
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bluering
Trad climber
Santa Clara, CA
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Answer the Question Bluey
How will spending cuts help anyone?
Do I really need to answer that? Ever have a checkbook or credit-card?
We are maxed-out and somehow just raised our spending limit without controlling spending, OR PAYING OFF THE INTEREST ALREADY ACCUMULATED!!!!
Are you capable of understanding this?
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Ken M
Mountain climber
Los Angeles, Ca
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http://latimesblogs.latimes.com/money_co/2011/08/bank-fee-excess-cash-bank-of-new-york-mellon-safety-money-funds.html
Bank slaps fee on 'excess' deposits from big clients
August 4, 2011 | 6:58 pm 14The rush to safety now is coming at an unusual cost, at least for big investors at one major U.S. bank.
Bank of New York Mellon said Thursday that it would begin charging institutional customers a fee if they place an “excess” amount of cash with the bank, above certain thresholds.
Some investors have poured money into banks in the last few weeks, first as a precaution against a possible U.S. Treasury debt default and more recently as global stock markets have plummeted.
Even if banks pay no interest on some short-term deposits they face the cost of federal deposit insurance premiums on the money.
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rottingjohnny
Sport climber
mammoth lakes ca
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Ken M....contractors or friends with zero accountability..paid at twice the rate of government workers...That would be Dick Cheney , Haliburton and friends of Bush junior...See lots of money disappear in iraq to private contractors...No one knows where it went..No investigations...No accountability....Same politicians the Tea brains vote for...go figure..?
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Ken M
Mountain climber
Los Angeles, Ca
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Ken, if rich people are parking their cash, you think taxing them more will stimulate job-growth and the investments that drive our economy???
Really?
No. It will not.
However, Giving them small, medium, or huge sums of money will not stimulate job growth, either. THEY HAVE GOTTEN HUGE AMOUNTS in the last two years. This is not a supply side problem, and has never been.
What needs to happen is for there to be a huge increase in purchasing. When rich people get influxes in additional money, they INVEST it, they don't spend it. That is why the market went up so much in the last two years, people were pouring money into it AS AN INVESTMENT. They sure weren't buying houses.
When you direct money to people at the lower end of the scale, they SPEND it. It is IMMEDIATELY recycled into the economy, usually many times over. THAT is what we need to get the economy rolling.
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Bob D'A
Trad climber
Taos, NM
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Ken, you are wasting your time. It is hopeless with them. You want to argue with a drunk, a troll or a Jew who thinks Israel can do wrong and John Long want to be associate with him on a political ticket?
Good luck and more power to you.
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Ken M
Mountain climber
Los Angeles, Ca
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Bob, are you talking about three, or one????? :)
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HighDesertDJ
Trad climber
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Bluering your "ever had a credit card" common sense folksy wisdom retort doesn't fly. Interest on the debt, while too high for anyone's taste, is not a drag on the economy. Taxes are insanely low. It's a drag on federal spending, and we could be using that money for better things, but you wouldn't want us doing that either. It simply isn't relevant to overcoming a (hopefully) short term economic slump.
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rottingjohnny
Sport climber
mammoth lakes ca
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Ken M....What a dilemna...The economy needs the millions of American consumers to start consuming and buying the products that the corporations produce but the corporations won't pay the consumers a living wage that would allow them to afford the corporate consumer items...? It's a vicious cycle with the wealthy wanting to squeeze the consumers even more with higher gas , grocery , and medical care prices....Is it any wonder the economy is so f*#ked up...? And the republicans keep pushing for giving more to the rich and stealing more from the middle class and poor...
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